MARA Holdings to buy Long Ridge Energy in $1.5 billion AI data center push
MARA Holdings is acquiring Long Ridge Energy & Power for $1.5 billion to fuel its AI data center expansion. The Ohio-based deal includes a 505 MW gas plant and 1,600 acres offering over 1 GW power capacity. The acquisition boosts MARA's capacity by 65% and adds $144 million in annualized EBITDA, with construction starting mid-2027.
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